Review on Terra by Hakan Altan
Terra Project
Terra; It is a price-stable cryptocurrency that will strengthen the next generation payment network.
The Terra platform aims to make traditional payment systems more useful with a single blockchain. Thanks to the Terra platform, users can benefit from lower transaction fees, instant payment convenience and various discounts.
Terra's stablecoin networks are based on a token system that works with the Delegated Proof-of-Stake mechanism called Luna.
In return for providing stability and security, Luna stakers receive rewards from transaction fees and seigniorage.
In addition, the Luna Terra coin platform has an application that will serve the purpose of instant payment. CHAI, a redesigned payment system on the Terra Blockchain, offers both businesses and consumers low fees and great advantages.
Pros
- Price stability
- Low transaction fees
- Many advantages for users
Cons
- None
